In an interview with Cointelegraph, Trust Machines CEO Muneeb Ali explains how Ordinals’ hype could support Bitcoin by attracting more developers and capital to layer-2 solutions.
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Thirteen years after the world’s first Bitcoin (BTC) pizza purchase, the pioneer cryptocurrency network faces a new wave of disruption thanks to the advent of Ordinals, the recently launched protocol that allows adding digital content such as art — i.e. nonfungible tokens — in the Bitcoin blockchain.
Since the launch of Ordinal NFTs on the Bitcoin mainnet in January 2023, the network’s traffic has increased significantly, spiking transaction costs and spotlighting issues surrounding Bitcoin.
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Bitcoin mempool, the “waiting area” for incoming transactions on the network, has over 286,000 pending transactions at the time
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